Riverwoods Group
- Assets
- $22.3m
- Revenue
- $6.8m
- Investments
- $0.0
- Employees
- 65
- Location
- Exeter, NH
- Founding
- 03/2012
- Data as of
- 06/2022
- EIN
- 45-1450956
Organization Overview
Riverwoods Group is located in Exeter, NH. The organization was established in 2012. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. As of 06/2022, Riverwoods Group employed 65 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riverwoods Group is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Riverwoods Group generated $6.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 43.8% each year . All expenses for the organization totaled $7.0m during the year ending 06/2022. While expenses have increased by 50.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PLAN, COORDINATE, IMPLEMENT AND FURTHER THE MISSIONS OF THE RIVERWOODS GROUP MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT RWE: THIS PROGRAM CURRENTLY INCLUDES TWO PRIMARY FUNCTIONS:(1) TO CENTRALIZE THE ADMINISTRATIVE AND MANAGEMENT FUNCTIONS FOR THE THREE CAMPUSES(2) TO EXPLORE OPPORTUNITIES FOR EXPANSION, AND PLAN FOR AND IMPLEMENT AN INTEGRATED SYSTEM OF NON-PROFIT, CHARITABLE CONTINUING CARE RETIREMENT COMMUNITIES
SUPPORT RWD: THIS PROGRAM CURRENTLY INCLUDES TWO PRIMARY FUNCTIONS:(1) TO CENTRALIZE THE ADMINISTRATIVE AND MANAGEMENT FUNCTIONS FOR THE CAMPUS(2) TO EXPLORE OPPORTUNITIES FOR EXPANSION, AND PLAN FOR AND IMPLEMENT AN INTEGRATED SYSTEM OF NON-PROFIT, CHARITABLE CONTINUING CARE RETIREMENT COMMUNITIES
SUPPORT RWM: THIS PROGRAM CURRENTLY INCLUDES TWO PRIMARY FUNCTIONS:(1) TO CENTRALIZE THE ADMINISTRATIVE AND MANAGEMENT FUNCTIONS FOR THE CAMPUS(2) TO EXPLORE OPPORTUNITIES FOR EXPANSION, AND PLAN FOR AND IMPLEMENT AN INTEGRATED SYSTEM OF NON-PROFIT, CHARITABLE CONTINUING CARE RETIREMENT COMMUNITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justine Vogel CEO | OfficerTrustee | 38 | $504,353 |
Kevin Goyette CFO | Officer | 40 | $292,267 |
Cathleen Toomey VP Of Marketing | 40 | $209,036 | |
Cynthia Martin VP Of Quality | 40 | $196,377 | |
Kathy Burkle Cio - Left December 2021 | 40 | $186,987 | |
Shelly Craig Director Of Finance | 40 | $144,068 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Greystone Development Company Ii Llc Development And Design Services | 6/29/22 | $150,844 |
Alexander Technology Group Contract Labor Services | 6/29/22 | $197,313 |
Cliftonlarsonallen Llp Accounting Services | 6/29/22 | $129,380 |
Brown & Company Inc Advertising Services | 6/29/22 | $123,097 |
Provinet Solutions Contract Labor Services | 6/29/22 | $311,031 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $484 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $484 |
| Total Program Service Revenue | $6,247,632 |
| Investment income | $297,197 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $276,690 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,822,003 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $841,739 |
| Compensation of current officers, directors, key employees. | $841,739 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,217,401 |
| Pension plan accruals and contributions | $66,562 |
| Other employee benefits | $489,929 |
| Payroll taxes | $328,295 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,509 |
| Fees for services: Accounting | $18,273 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $33,749 |
| Fees for services: Other | $270,717 |
| Advertising and promotion | $78,695 |
| Office expenses | $87,145 |
| Information technology | $49,856 |
| Royalties | $0 |
| Occupancy | $80,000 |
| Travel | $37,625 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $45,923 |
| Insurance | $3,447 |
| All other expenses | $25,410 |
| Total functional expenses | $6,982,230 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,593,026 |
| Savings and temporary cash investments | $25,877 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,955 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $232,995 |
| Prepaid expenses and deferred charges | $22,973 |
| Net Land, buildings, and equipment | $340,024 |
| Investments—publicly traded securities | $14,904,064 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,185,387 |
| Total assets | $22,317,301 |
| Accounts payable and accrued expenses | $814,096 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $814,096 |
| Net assets without donor restrictions | $21,502,721 |
| Net assets with donor restrictions | $484 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $22,317,301 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Riverwoods Group Exeter, NH | $22,317,301 | $6,822,003 |
George H And Irene L Walker Trust Rochester, MA | $0 | $164,069 |
North Hill Communities Inc Needham, MA | $928,543 | $907,714 |
Community Human Services Inc Trust Lexington, MA | $17,068,220 | $1,183,549 |
Havenwood-Heritage Heights Trust Fund Concord, NH | $30,142,271 | $3,466,366 |
Fuller Schoolhouse Road Beverly, MA | $30,586,625 | $4,149,465 |
Community Action Enterprises Inc Greenfield, MA | $446,429 | $906,772 |
Friends Of Thai Daughters Inc Trevett, ME | $1,463,951 | $989,954 |
Old North End Community Center Foundation Inc Burlington, VT | $7,883,790 | $77,639 |
More Than A Thrift Store Keene, NH | $49,246 | $279,980 |
Mision De Caridad Arlington, MA | $429,465 | $333,056 |
Friends Of The Duxbury Council On Aging Inc Duxbury, MA | $653,345 | $236,442 |